Virginia, Maryland lawmakers propose surtax on millionaires

By Dan Novak

WASHINGTON (CNS) — The richest 1% of Americans control more wealth than the entire middle class combined, according to the Brookings Institution – a striking sign of income inequality that has accelerated since the Great Recession.

A bill introduced last week by Sen. Chris Van Hollen, D-Maryland, and Rep. Don Beyer, D-Virginia, aims to narrow the wealth gap by adding a surtax on millionaires.

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